Problem 7-5A Determine depreciation under three methods (LO7-4) [The following information applies to the questions displayed below] University Car Wash built a deluxe car wash across the street from campus. The new machines cost $243,000 including Installation. The company estimates that the equipment will have a residual value of $28,500. University Car Wash also estimates it will use the machine for six years or about 12,500 total hours. Actual use per year was as follows: Problem 7.5A Part 1 Required: 1. Prepare a depreciation schedule for six years using the straight-line method. (Do not round your intermediate calculations.)